Holy Crap! Was Lenin right!?, page

Imperialism, the Highest Stage of Capitalism

Imperialism, the Highest Stage of Capitalism (1916), by Vladimir Lenin, describes the relationship between capitalism and imperialism, wherein the merging of banks and industrial cartels produces finance capital. The final, imperialist stage of capitalism, originates in the financial function of generating greater profits than the home market can yield; thus, business exports (excess) capital, which, in due course, leads to the economic division of the world among international business monopolies, and imperial European states colonising large portions of the world to generate investment profits. Imperialism, thus, is an advanced stage of capitalism based upon monopoly and the export of capital — not goods, and of which colonialism is one but one feature (Bowles 2007).

The super-profits that colonial exploitation yields, permit business to bribe politicians — labour leaders and the labour aristocracy (upper stratum of the working class) — to politically thwart the risk of worker revolt in the capitalist homeland; thus, the new proletariat (working class) are the exploited workers in the Third World colonies of the European powers.

en.wikipedia.org...

In Lenin’s developing Marxism for Russian application, Imperialism, the Highest Stage of Capitalism (1916) explains a development which Marx predicted: capitalism’s becoming a global system wherein advanced capitalist industrial nations export financial capital to colonial countries to exploit their resources and labour. This superexploitation of poorer countries allows the capitalist countries to maintain some homeland workers politically content with a slightly-higher standard of living, and so ensure peaceful labour-capital relations, (cf. labor aristocracy, globalization). Hence, a proletarian revolution could not occur in the developed capitalist countries while the imperialist global system was intact; thus an under-developed country would feature the first proletarian revolution, and Imperial Russia was the weakest country in the capitalist global system.[9] In the early twentieth century, Russia’s economy was primarily agrarian, effected with peasant and animal labour; under-developed when compared to industrialized Western Europe and North America.

en.wikipedia.org...




Please correct me if I am wrong, but does that sound eerily familiar to our current situation? I am not a communist and definitly not a follower of Vladimir Lenin, but I could not help but read it and immediately think of our current economic situation when analyzed in depth.

reply to post by tauempire

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really?
communism wasn't a bad thing, it was the facist dictators that tarnished it along with us propaganda.

Communism is a social structure in which classes are abolished and property is commonly controlled, as well as a political philosophy and social movement that advocates and aims to create such a society.

Karl Marx posited that communism would be the final stage in society, which would be achieved through a proletarian revolution and only possible after a transitional stage develops the productive forces, leading to a superabundance of goods and services.

Marx states that the only way to solve these problems is for the working class (proletariat), who according to Marx are the main producers of wealth in society and are exploited by the Capitalist-class (bourgeoisie), to replace the bourgeoisie as the ruling class in order to establish a free society, without class or racial divisions.

The dominant forms of communism, such as Leninism, Stalinism, Maoism and Trotskyism are based on Marxism, as well as other forms of communism (such as Luxemburgism and Council communism), but non-Marxist versions of communism (such as Christian communism and Anarchist communism) also exist.

heared it all before but just ripped this off wiki.

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